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Home » Store » News » FTC Settlement with Servicer to Include Best Practices Standards

FTC Settlement with Servicer to Include Best Practices Standards

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The Federal Trade Commission is expected to issue shortly best practices standards aimed at subprime mortgage loan servicers. The standards would be part of an anticipated loan servicing settlement with Fairbanks Capital Corp., which is currently under investigation by the FTC and the Department of Housing and Urban Affairs for alleged abusive mortgage servicing practices.
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